When I first started to ice fish I went with a buddy who already had all the equipmen which was his dads borrowed equipment, gas auger, shanty, tip ups, one vexilar. all i had was a cheap fleet farm rod and i did catch fish once i figured the depth they were biting in. the auger was an old jiffy which my buddy hated because it wouldnt start sometimes, and often threw it on the ice in anger,(maybe thats why it was junk) I suggest you make a friend with equipment to get started the first year you go out, so you will get an idea of what works. now that i had a year with just a jigging pole i decided to get the rest of the equipment in stages. first was a hand auger, then marcum. now i got a gas auger 10in strikemaster and a otter house. the equipment is an investment and will last years to come. all in all i spent about 1200